REGisfERED COMPANY NUMBER.. (ENGLAND AND WALES}: 07322971 REGISTERED CHARITY NUMBER: 1140624 Re ort ofthe Trustees and Financial Statements for the Year Ended 31 March 2025 for VOICE4CHANGf ENGLAND LIMITED A¢EVOICE 4CHANGE Able & Young Ltd Airport Hou$e Purley Way Croydon CRO OXZ
VOICE4CHAN Conlenl f rtheye EN ND LIMtTED tements r Ended 31 March 2025 Pa8e Report of the Trustees Independent Examinerfs Report io Statement of Financial Artivities li Balance Sheet 12 Cash flow Statement 13 Notes to the Cash Flow Statement 14 Notes to the Financial Statements 15 to 24
ND LIMI th Trustees for the Year Ertded 31 March 202 VOICE4CHANGE ENGLAND UIffiD Reports of the Trustees for the Yoar Endod 31 March 2025 The Trustees who are also directors clthe dBrty for Ihe purposes of the C¢Ynpanies Act 20C6, present their report with the financial stateMts of the charty for year ended 31 Mafch 2025. The trustees have adopted the provisions of Accounting and by Charrties: Statement of R8commended Practe applieIe lo ch¥e$ preparwig ther xcounts in &uYdance with the Frn¢1 Reporting Standard applicle in the UK and RepL)Itc of Ireland (FRS 1021 leffth 1 January 2019). STRUCTURE, GOVERNANCE ANO MANAGEMEKr About Voice4Change England. the Board, and requirem ofa Chty v04change England IV4CEI . national, membership organisation provkling alviw. ser¥rn and 5UPPOrt for the benefft of the Black and Minorty Ethnic {BMEI Sector. It is a regered ¢harty (Charty Number 1140624) and a CoMpy, limited by guarantee (Conwary Number. 07322971) For the year 2022025, there were 5 Irustees.. Neena SanKla (Chair). ILa Ch)davath8r ITreasurer}, Karf Oxford, GI1 Cabon & Andy Gregg. V4CE has the ful rarye crf policie5 and procedures gc¥)d govem¥Ke and management. as recc4nmended by the National CourKil for Voluntsry Organisal¥)ns. These ar8 dat8d and the date Ll timetabled. V4CE has Lkgbilty InsurarKe up to £5.thJO.LK)O and Enyloyws knabilty LP to £10,QJD,000. Our LIablty Insurances revivhEd annuaty to ensfft that cover is quate. Organisalional struclur• The tyganisation is led by the Dirlor. Kun OkKI8, vrtx) has overam CfeRIK8I responsibilty for all aspects of the 0fganisatlc. He repts to the Po)ard of Tte$S and attend5 Board meetings. Formal Board moebngs are run at least 4 tir3 a year. Addib'onal Board meeli)gs are run as the need arists. fth adv from, and in conjunction with the Director, the Board makes deeiwns about governar@ other substsntial issues relating to V4CE", as well as maintains oversvjht to ensure that all work is in accordar£e with the objects of V4CE and current legislation. and projects are run Ing to agreIents with (urKI3 and in the interests of the Black arKI Minorittsed Ethnic IBME) sector. 8esides the DirKtor. there are 14 other steff. V4CE is dTr•ided into 3 man functions.. Pdiey. Development arwj Communications. The Dev81opment covers V4CE grani programme, mmbership and capacity building support and the Head of Development. Wt * 0 the Deputy Director, manage$ Infrastntcture and Development OffKefS and a PAembership Offiw. The Head of CoMmunl)n$ mwages a CommunKions Officer. There are also Pff4ect Firbanee Off5 to Tronage relevant support fUtn¥. Risk managemenl The Director and Board have a risk framwwork to revw the risks the organisation 15 exp05e(I to and takes steps lo reduce or minimise these rkqks. Exa)s of risks inclL•Je changes in nats.onal policies which could impact on projects at V4CE. as well as risks in terms redudion5 in funding available. In 2024 25 a small team ofthe Dector, the Char and the Pnlect Offur revieved thg rBks to ensure that thes8 were Tnonitored and m8n48d property. OBJECTIVES AND STRATEGY Charitsble Obiectlvgs The objectives in the governing documenl of V4CE ore: 1. The rK(Mnotion of u8ty and diveNty for the wblK benefft by: a} the elimination of discriminatic cl any kind *ffiatscr. includiry (but not lThited to> race. gender, disabilty. sexual orienlalb)n. age, religion and beliets. b} advancing educat arKI rwsing awareness in equality dN•" Page 1
VOICE4CHANGE ENGLAND LIMITED Re ortoft forthey rEnd d 31 March 2 cl promoting a¢tivities to foster understanding between people from diverse backgrounds. dl conducting or ¢ommissioning research on equalty and diversty issues and publishing the results to the publie. 81 cumivating a sentiment in favour of equalty and diversty- 21 The promotion of ra¢ial hamK>ny for the public benefft by.. al promotin9 knOedge and mutual understanding between drfferenl racial groups., bl 8dv8n¢ing education and raising awareness about dtfferent racial groups to promole good retations btheen persons of drflerènt racial groups., andlor ) working towards the elimination (rf discrimination on the grounds of race 3} To promote social irKlusion for the public benefrt by working with people in England who are Sockq excluded the grounds of their ethnic origin, religion, b81ief or creed to relieve the needs of such peop19 and assi8t them to integrate into society.. 4) Th8 development of the ¢apacty and skims of the members of the socialty and ecOr¢CallY disadvantaged BME Communities in such a way that they are better able lo identfy, and help mert IheiT ngods and to participate mor8 fully in society Vlsion. Mlssk>n, Values and Strnt8glc Alms V4CE mission 15 'To work tfwards the wsk?n to build an inclusive civil so¢i$ty frt to meet the needs of BME communities and strengthen BME sector organisalions lo help them meet the needs of their communities". V4CE Values ar8.. Faime$s.' to treat 811 irKll¥Aduals and organisalions with Tgspecl and with an even hand. Innovation.. to work in ways whith aro new and creative, and which defing new 501utions to the problems faced by the BME seclot. Tr8nsp¥ency.' to ensure that all operations are elear, vis)le, and hCest. Transfomialional.. to transfom our own organisation as well as those of our partners for the better. In ordeT to meet vision and mission, V4CE h88 the following 5 strategic aims.. 1.. To provide leadership and resources to increase BME Séctc invthement and representation in key decision making and policy forums To increase awareness and re9pect of BME Sector role. acte3, #npact, and added value To Stngthen the BME Sector and race equality through direct infrastructure seTvi¢e delivery, advc¢a¢y and improwng infraslru¢ture provision Ihfough partnership and collaboration 4- To incfease opportunities for BME organisations to dev91cg resources and sustainability through enterprise. cr8atiwty and sector led grant making To hamess the BME voice through partnership, rgsearch, and ccfflsuttalion, io ensure the BME perspective is heard In issues th sh8pe soci8ty Publlc Benoflt hen planning and overseeing activities the Trustees have kept in mind the Charty Commtssion's guidance on public benefit. Trustees ensure that the purpose of the charity.. is clearty benefick11 in a way that 15 identrfiable and capable of being proved by evidence, and not based on personal yS beneffts the public in general, or a sufficient section of the PLslic, and is not for personal benefrt Page 2
E4CHANGE ENGLAND LIMITED rt of the frustees Ihe Year Erjed 31 M h 2 OVERVIEW OF 2024. 2025 PERFORMANCE AND ACHIEVEIAEKrs cov115 Beginning ol th¢ end The year 2023 is the year in whKh we cTh th8 COVID pandem which the world into maelstrom ol unfweseen challenges. vryCe4ch England Èegan a process of revaluation of the impact of the changes and Ihe new chdlenges, devekyng new Ktivfty in I1 with its Strategi¢ Plan. These athif(ies recognised sc¢ietal shffts that had place durirMJ the pandemic that remain with us {such as the public r8cognitKJn of the pandemic's dispr(¥JortwJnate BME communities. deepening inequaliti'es) and a180 noted the continu81ion ol certan themes that were there before the pandemK. Namety. people experiencing greater levels of tr)mele55ne55.' mre in poor housing,. increased un8mpbyment and redundancies., rising debt and greater diffieutty in a¢¢essiThJ daty essentraLs" pow access lo heth servKes. And finaly. the gen8ral underfundiThJ ofthe 8ME sect. For us at V4CE rt meant a tlete 5hrft in Te-thiry infrastre slK)ukl operate dullThJ the pandemic thallenges. The ansvm was to traThsfrffii ¢)ur small nional into a Giants distributor targeting BME organisalions. The speed and rwjour in thi% was thne by a fantastulty gffted harthvorkiro staff group has been c(mmended by Trustees noted in Ihis r8P)rt. Over the laBI years dose to £2.3m was administrated in emergerKy fundirvJ to ovw 2C(S groups for COVID related work. These vital funds stq)ped many commty groL4)s fr(n either enduring detrlmenlal fvntliNJ losses or wcrfst-case scen¥os, becoming unab and ceasing Operat$. It helped ftt ri&ThJ, wgent demand from thair banefici¥Fgs. Th8 work foffned foundation for all the deVelOpnt and SLPPOrt wcrfk delNer&l by V4CE in 2024 25. Prolocts and achlevements BelN we highlKJhl the key programmes and Thiiithves that shaped our activities and OLrtpul ovgr the course of the year. We would like to thank our fvnder5 and dcmr partners COMK Rdief. Sport England. the Nat Lottery C(munY Fund. Cty Bridge Foundation, and the Greater Lcmdon Authority. We would also Ike to thk our StrategK Partsws.. Black S(Mthwest NeYOrk. Migrant Rights Netwth. Manchester and Laneashire BME NetrA$. ACEVO and the School for Social Entrepreneurs 1. N8llonal Communlty Lottery Fund & Catslyst Reglons PmgranxTre 2024 25 marked the start V4CE Catslyst Yaar 1 activitws, enabling us to meet many of our objectNes in strengthenir¥J a fragile and urnler-resourc sectcff supporting BME organeations build batter governartt, effieiency. enhwKing their ablty to scan the environment to decFde the whl strategy; resofve barriers lo d8vebpmenl.. build comrNnrion Teslience.. and devebp effeCtTr and sustainabl8 services Surnmary of Oblectlve8 & Outcomos We delwered 5 th"ne leaming sess#)ns on the nam•J tLVTh (bwl. with representatK)n from each wion in attendance W• Work to a mlnknum taryet of SO gwoups acc¢sskng 51oarnlng $esslons In year 1 which wa5 achleved. 51 organisations atended <wr ffjbkslv)ps ith 126 tend8es across the 5 wthshops Wothshop Attendees Building Effective Goveman¢e 27 strategic Planning DevelopiThJ Resdience Raiwng Money Dealing wth Increasing Costs 33 17 14 The day-ldaY managemant of the prciect aTKI rwsurement of xli8vem8nl has been card by the Deputy Dir8ctorNead of Develc¢Jmenl. with fa8dbk from the Infra5trurture and Develoent officers. Measures and melhcxjs used lo measure are set out in a dth"l&J KPI plan. Thi5 plan has been monitored and disCUS8ed at monlhty in person [reetir inv(Avirg d V4CE staff.
E4CHANGE E ND LIMITED ort of the Truste r Ended 31 OperatiOll81 pOrtS are also bmarded to our Board of Trust8es for re9ar discussion and scrutiny of our major projramrnes such as NCLF a¢tNIty. Amy qSt10n$ or queries arising from these Mling$ are fed back to senior staff via the Diwlor. In l8rm5 of the regions, a strong desire for ragional connections was one of the most important expressions of naed in our post Covid work. Therefore. we have èstablished, and ar& encouraging, peer learning fotums through online dialogug and events. This sharing and devel(Jpment of learning will help build connertions and refie¢tion8 that Can advance race equality, in our areas of cThiil society. 2. Clty 8rldg Foundatlon and Catalyst London Programmo A successful series of 20 Workshops was delivered across 5 in-person roadshows in London {Nthiam, Hackney, Barnet, Lambgth, and Greenwich). Developing a needs assessmenl framework to offer a tailored Support to BME organisations. Our inerson workshops tscilitated connectKJns beaOn BME charities and community groups who would not othe$S8 have interacted. enabling IheTn to build relatiorts$hips and share and beam with one another. We have recorded roadshow attend$es' video testimonials whh are used to inform other BME organisations about this project's work lo infomi and generate interest and making new connection$. We a150 developed fliers and banners lo register interest and engage with BME organisations wrth our dfer of 8UPPOrt. We have introjucod a neods assessment framework to provide us with an initial baseline of needs of an organisalion. thus a better m8th¢yJ of managing expeclations and us#ig project management s(tharè, that manages th8 workfiv and engagement of each organisation. 3. Grnator London Authorlty The GLA Voter ID campaign roi$ed aw8ren8ss and increased understanding among Londoners from under- registered and under4epresented groups from Black and Minoritised Ethnic communitie5 in London, helping them register lo vole and fulfil their riv and democratic rKJhls, wf(h in¢reased awaraness about the Voter ID changes, about what free Voter Aulhorty Certrficale is and how can one appty for it. The campaign an(1 learning wer8 carried out via workshops, evenl$. videos, targeted pUblty and $octal media campaKJns. Home Truths 2 This is a new programme of work from ACEVO. Voice4Ch8nge England and Dr Sanjiv Lingayah designed to challenge and SUPPDrt main$tarn UK CIV society lo taka serious practical action on anli-racism and race equty. Over the course of the next 18 munths from December 2023 to June 2025, Hune Truth$ 2 will engage stskeholders from across Mainstre and Black and Minorits'sed Ethnic civil society, including senior kaders and staff, in a targeted programme of activty. Home Truths 2 will offer praclKal regourc&s and guidance lo mainstream civil society, such as on how to integrate race equity into a core mission. It will also Tecruit senior leaders and bring them together in a Further, Faster cohort lo undertake specialist facilitsted small group work to drive forward their anti-racESt rac8 8quity practice. The programme is intended t¢ convert P05rtNe words frcm mainstream civil society on anti-racism and face equty into practical and powerful chon98. ACEVO 15 the Association of Chief ExecutNes of Voluntary OrganiSat•ns. It is a network of over 1,700 CEOS d aspiiing CEOS leading voluntary organisations ranging from small, communty-bas8d groups to ambitious mediunFsized organisions to wel kn¢Jwn, we114oved national and international r-fOr-Proflt$. ACEVO'S vision is for civil society1gader8 lo me the bigge$l possible drfference. Together wth our neork wa inspire and support civil socty leaders by providing connection. skills and Mifluence Pag8 4
OICE4CHANGE ENGLAND LIMITED rt ofthe Trustees arch 2025 Or Sanjiv Lingayah is a researcaler, ter and consuArt on wial &ti. Saryrw wa5 the 18ad author and researcher on the firnt Home Tnths rep(xt S. Comic Reli Funding: £135.000 Funding was used for organi$thal dthtbwent to rSary charyes to meet new challenges following Ihe feedbad( from BME ¢crfnmunty growx that were struggliry lo help their communty members who were disprop¢ytionately vnpxted by COVID 19 as w81 as thanges in the external environment. The grant aid support highlighted the urgency crf needs and the systematic underinve5tmenl in 8ME cGYnmunty groups tying to meet these. Tr fundry hew tow¥d5 an updated Stregic Plan ancl risk assessment. It also helped us build a Busine Continurty Plan and a framv•vork to be able to improve our strategic partnerships and eollaboral•Jn work. All this has led lo better Sustainabl and resilnce for V4CE coMbid wrth mechani$ts to inprove IrtrLthre suppJt. The fvnd supported the acquisit of gMt man4ement aTrJ mw)ership so1. Digitatisation hglped speed processes but valuably gives the opp)rtunty to revv4V a dplerse range of report5. helping us shape bgttar suppcrt prcgrammes and edlaborati1 within the sector. An inportant a$pt of our work that has developed 15 our in¢rea$ing a"Ity to bu1 infrastnKlure swort that tackles the impact of rac8 in8qualty. We reccgnise th81 in many cases rt is not the iThJN•Jual 8UE grjp$ that need to charye. but exlemal systems that inequalities that these gr¢)u eause underfundiTrJ. 6. Natlonal Lt)ttery Community Fund & Pathway Fund Pathway is a new partnership inrtotwe host&J by V4CE. launched in Nov&thr 2022, oiming lo caty$e OFPOrtunities for Black IAinorrtiS8d communrties &ross England through sccial investment. V4CE is committgd to CatasIng the Black and Minorite(l Ethnic voice in this area. particularty givan our role as national nelwork for 8la¢k and Minoriti'sed Ethnitrled ¢xganisations. Leading as partners (m this endeavour are Stephen Bediao 08E181ack Gfobal Trust) and Bonnie Chiu1Th8 Social Investment Partnership). The PalPNRy Fund secured £O.S Mil funding frc¥n NCLF. and entered into a stsrtup phase as of Janu¥y 2023. The Pathway Fund aims to act as a Ytholesaler in sc¥ Invest sector by.. ProvKling grant fundirg lo address barriers f¥ed by entps. led by and for Blar and Minoritised Ethn communibes, in aceessing financ8 to fund and their actNiIEs, arKI m acquiring communty assets." Catatysing further investmont into Blxk and Ethnr ccrnunitss by de-risking investsnents through bknded finance and muenc1n9 inveslm., Influencing the UK imp&t investing sector on the agenda of rncial equty. thn)ugh sharing of best practic8S and data setting of st3rd$, and SUPFQrtJ"ng emerging Black and Minoritised Ethnic boaders in the sector FufKlraislng'. To date. Pathway's fiJndraisiNJ efforts has fttuwj raising rrNThy for our pihjt programmes and research. The work wi 2024 antl 2025 has led to a PTLYnisir¥J futuré. As of April 2025. a total of £1.45m has been raised frcrfn partners for this work, lrtludi. Cty Bridge TNst." £25r sgcwed Icwards Ente1¢ Devekpmerrt Pilot Esmee Fairbaim Foundation: £200k Sured t¢hvards Enterprtse Development Pil¢A Joseph Rowntree Four¥JatiCA)." £5(K* Secured towards Ihe two Pik Barrchy Cadbury Trusl and Carne9 UK: £35k sewed for research. This total investmgnt means that w• can xlivate the deVekPmt crf 2 key pkhXs- Enterise Devewent and Fund Manager Incubator. The pikls wa p.tsy a signifthrt rolg in dwnonstratirvJ our prcof of concept thg build of products for the main fund. Page S
OICE HAN EEN LAND LIM Re ort of the Trustees Ended 31 March 2026 Th& first pt 1$ an 1&month supp)rt 12 BMEd erterprise5. As a wholesaler. rt will be wothiig Black and Minontised Elhnic4od intermediaries to delNerthis supwl. Yere the InterndieS wll be hclding direct rèlaliortships with Ihe enterprises. The se¢ond pilot is a Fund Manager Incubator pibt to support capacty building of three Black and Minoribsed Ethn fund managers. The awn is to support 8k and MwK>rittsed Ethnic fund managers, particukrly first- time fund managers, in buiklin9 m8n•Jing funds. 7. VCSE Contract R&idlDoss ProJ¢¢t & Match TrndlTrg (Tradlng lor Good Th8 Departmenl for Digttal, Culture. Medk? & SpJt {DCMS), VCe4Chan England, The School for Social Entrepreneurs and Social Enterprise UK have begun a partnership to deliver groundbreing support to drivg BME invofvement in pUbr sector precurement of g)ods saNrn. This work invOe$. Improving the Skills, krAedge aThJ supw)rt rtWS of VCSE$ for successlul biddirwj; and Improving the awareness anvjngst BME VCSES of CtunI18S regarding current and upcoming tenders" and Making l èasier for the BME VCSE s¥lots to positic their offer lo public Serv commissioners. raising their awaroness and underslan(lirvJ of tho sectots. role and value,. and Improving the evidence on what inrt181ives work. The outcomes of the programme so far have been w )sf[1Ve. The programme has demonstrated strong collaborative efforts, effective marketing. engagemtt with the target adience. There is hwh demand 8fKI engagement with the prcJraTh¥ne. The ccrfrtent d the intemntions has ken relevant and appreciated for its qualty, partlartY around scc&4 vue eonlent and ConNnissioner Ins3h1$. There'$ evidence of increased awaren8ss, knle aKt skils around varicrtjs ldering themes am9 50D plus participants. 8. Sport England In ptiCiP81ing in the distribution of Sport Engld futh vo thar Tacklirvj lnequalrt prtrjramme, we were aware crf many BME organisations w$ would not nonna¥ have provided physical actwrties. but who now recognise the need to adapt arKI pre this as a result of rising inxtmty and related heatth issues through di¥srcfortonate pdeMiC imp on BME pe¢p. Therefore. cfie of our main priorities for thi$ fvnd. was tr) try and encourage n-SportS Ixganisation5 to thk of prq that wwkl help to get their seNice user group begin lo be physicalty adNe. Outctms.. ImprovgJ ablty to address health reds through the pThb)n of accessible cuhuralty sensf(Ne sports and physical thitw provision Greater reach lo help some of tr rnost di5J1jed e.g. BME women su1¥¢$ of domestic violence, BME people with dKsa)ilitie$, young PWFAe m need of ¥tivities that help prevent tIo¢181 behaviour and he4) for BME pwle with mental health issues etc. Grer knovledge of iinovab.ve metht>Js used by BME grp5 to fh. engago aThJ retain drrse ccmmunities in sports ard physi¢al activitias Inwroved, rrre effe¢tNe ieath to those have not been 8nga9ed in sports or physical x11vit9', often provhled with Infomati to help thwn then engage wh other ktal pro¥isb)n Wing to gieatef integration Development of legacy work so the berfts ofthe can continue after wqect end Improved race equalty by reachir*J prpvAliNJ dTectNe servicgs for BME peopl8 had not engaged in sports provig¢)n
4CHANGE ENGLAN LIMITED the Trustees 31 h 2025 the Year E FUTURE PLANS V4CE STRATEGIC PLAN 2025- 28 Comic Relief organisational devekwment surwi help&J us devdcp a Strategic Plan for the future. In everything we do. we aim to strengthen the BME VCSE and increase our collectrve impact on building a Stronger and mor8 inclusive society. Feedb fr(¥n membws ensures our sptht servKes alKJns with existing and emefgiNJ needs, complThnted ty Lwr 1rmVh sucsS in increasing xcess lo support services delivwed by Infrastructu organisations opating a(xoss the VCSE more widety. Reduced resour ainSt irKreased neèts are pushirvj BME VCSE ¢xyanIsatio to fccus rm their ¢)wn service dehvery and $ustainability. There is lrttle left in th8 ta¢ to contribute lo the Sl0,S strategic development and impacL Too much energy is beird drected lito sumval and too resouices into infrastrurture support develcpmenl. Amhjst fo of wvJenirwJ inequalities. opportunittes for the Sector lo make rePresenton on lopKal equalities issues are being mtssed through lack cl capacty. ChalervJing 11Th8 lie ahe•J, emphasising the nggd for strong and acCnIable leajership. Voiee4ChaNJe England has the leadership mandata. bestrh¥ed uwn it by its members and fornalised in its constitution. We are fulfilliThJ the Mandate aThJ ensuring that the sector 15 represent&J as efficiently and effecb.vely as possble wrthin our own r8source constraints. In parallel with this. we are striving to increase the sec$ visibilty and rwnrt[ of its Yalue. Our infrastructure 5UPPOrt servThs are needed just a5 rrKKh tcthy as they Were when Voice4Change Engld was established. Priorities change and Sp?1{$t wds arise, but our role remains just as cleai. We ale c¢xnmitted lo devek)ping the sector. wbether through our provision or working with partners to increase BME VCSE engagement in specialist provran. taft Stratsglc Alms The five draft Strategic ain$ that we an for the future we de8wed to build a stronger and more inclu5iVè society and end race discrimination and bneqlIies. Ensuring an efficitt. effeclNe and sustainable BME VCSE is integral lo this. Alms 1. To race equalities 2. V4CE improving tor ViSit¥lsty and value through Is rde as a ad1Thj nional organisation working in collaboration with the BME VCSE 3. To improve BME VCSE perforrnare through aLxesS to hyh quamy InfraStrtUre support 4. To promote sustainability wrthin the 8ME VCSE 5. To improve the BME VCSE wacty to be agents clchange V4CE v& rapidy buildin9 semces to hdp organiSatn$ drversrfy incCE have better ar$ to social inve5tmenL This will mean the tro&tIon of a vast rary of measures from contribuling to devek)pm8nl of a ring-feneed endc1ent fund for BME OrgL&10ns as wem as wcffk 7Mih partners to build new resources and activit for encouraging enterprise and xbvBm. Page 7
ICE4CHANGE ENGLAND LIMITE ort fth Tru lee$ for the Year Endad 31 M h 2 Policy- Cost of Living Crfsis and our response L•¥119 Up tkspite efforts to ievwe the economy post-covid, the UK faee$ $tsgnant grThvth ond mounting national debt, Posing ch8llenges lo k)ng-tem financial stsbilty. The consequences for indniiduals families already hugety challenging - leave aside the picture we see in places like Bim)ingham. whefe k)cal govemment has faced serKJUS finan¢ial collapse - with signrficant cuts in funding to communty-ba5ed serwce5. We aware that cuts lo kcal authorty funding 9ve a gre*er impact on communities in need, such as 8ME communities with th8 reduction of public support serveS and reductions in small grants. This reality fornis tho background to the Ial elections in 2023 and 2024. A re part of any future work will be helping the BME sector build sustainabilrty and resiliènce and improve 58niic8S to BME communrti8s in serious naed as a resutt of th& cost (rf Iwing. We wer8 invofved in the then Gov¢rnmenl Levelling Up a9enda and we hope to ¢arry f¢Nard elements of this work. RESERVES As of the 31st March 202S the Charity has reserves of £434,$04 However. the larger part of this is reslricled £319.325. In lenns of real reseNe$, the Charity ha8 unrestricted reseNe8 of £115.179. The Charity feels this will covar the costs of closing down lisbilitrds lincluding redundancy and pension liability coslsl. The Trustees also aim to maintain general re8erve8 to cover at least 3 months running costs lan addibonal £55,000 per monthl. Accordingty, the organi8ation is Iwking al Strategies for increasing unrestricled funds. Voice4Change England holds reservès according to its Re$erv&s palicy. which is in line with NCVO and Charty commission guidance. In 2024-2025 Voice4Change England did no fundraising in tems of general 8ppeals to the public. All irwme was through grants and conlracls. Truste85 will agree a knndraisin9 Strategy to build reserves. Key R•myneration Pollcy V4CE has a policy of paying $18ff according to the lo¢al pay condition8 commensurate for a particular positKJn tsking into account responsibilities and skilL8 unique lo that Position. Pay levels are periodulty reviewed ainst other critefia such as inflation Ve15. REFERENCE AND ADMINISTRATIVE DETAILS Reglstgred C¢)mpany numb•r 07322971 IEngL4nd and Wal8s} Reglst•red Charity number 1140624 Trustees Neena Samota (Chairl Ila Chandavarkar Karf Oxford Gilles Cabon Senlor Managoment Team.. Mr Kun Olulode, (DiclOrI Reglstered offlce: KM0$ Centre, 3rd Floor, 2c FalklarKI Road, Kentish Twn. London NW5 2PT Audltors: Able & Young Lld Aitptsrt House, Purtey Way. Croydon. CRO OXZ Bankors: Unty Trust Bank 9 Bridley Place. 8imiingham B12H8 Page 8
E4CHANGE ENGLAND UMITED Re rt of the Tnjstees r EThJed 31 March 2025 8TATEhlEKf OF TRUSTEES. RESPONS18KmES The Tru$lee$ (who are also the diredors of th8 Vor84CIww8 England company- Registered Company Number. 07322971 lor the PUfFKJses crf compary lawl are responsible for preparing the Report of the Trustees finarKial statements in accordance with applicable law and United Kingdom AccounliNJ Stsndards (Uniled ngdoM Gen8TaWy Awepted AccountirvJ PraCe). Ccfflpany Iw require5 the Trustees lo prepare fina1 statements for each fm8ncial year which gwe a true and fair View of the state of affairs of the charitable company and of the inmIj resources and application CO reurceS, lncklng ts irwnè and expendit[t of th& charitable company for that per1. In prepariThJ tlbjse financiql stthnents. the Trustees ¥e required to.. •select $utiable account¢ng pol1eS a1 then appty them consisl8ntty.' •ensure accounts observe Ihe methods and pmciples In the Charity SORP.. •ensure a¢c¢unls make judgements and es1That that are reasonable and prudent.. .slate whether applicable UK xcounliry standards have been fokywoJ. subject to any material departures discl¢)sed and explained in the financial statemerts" .ellSUTe that financial statements have b88n Fwar&J on a wng COrK basis uft5 li is inappropriae to presume thal the charrty wll continue in bwn The trustees are reSp(Sible for keeping proper rttords which dis¢bse with reasonable xcuracy at any tine the froncial positson of ts tharItab ¢offyny to enable them to ensure that the finCIal 5Lements compty wth the Ccwies Act 2006. They are also responsible for safeguarding the assets of the charitth company and hence for taki si)nable steps for the prevention arKI deteclion of frawj KI othw irnegularities. STATEMENT AS TO D18CLOSURE TO OUR AUDITORS In so far as the Trust88s are are at ts time dapwowng our trustees. annual reF¥)rt'. therè is no relevant 8udit infcrfmalion {8s dèfined by SeC1K 410 of thè Compan Act 20061 of which the charitable company'5 auditors are unaware", and the trustees have taken all steps that they ought to have taken to make thernsets of relevant alxlit 1nfCatn and ostsblish that the audrtors are aware of that infomiation. The trustees have vi&ved financial projections for Ing years and are satisfied that they can state that VoTrce4Change England Trs a going c(MKern. The atjove re[ has been wepar&J in the prOon8 appli&le to compan subject lo the small companies. regime as set out in Pwt 15 of Ihe Companies Act 2006 and in ordance with the Charities SORP IFRS 102). AUOITORS The auditors, Able & yng Ltd, wil be prwgj for rtrwintnwt at the forthwming Annual Gengral Meeting. APPROVAL Thi5 rgptyt was aFprov•J by the Board swJned on its t*hall by: Neena liamta Chair Oate 31 JUary 2026 Page 9
VOICE4CHANGE ENGLAND LIMITED Inde ndenl E min 1 March 202 Independent oxamlnerfs tr•port to the lrn•te•s of Volc•4Chango England I report lo the ¢harty tru$toes on my ex8minolKn of the 8¢Gounls of VryGe4change England {tha Chadtyl for thé yèar ènd8d 31 Mareh 2025. R•sponslbllltl88 and bas18 ol roport AS the charty tru8tee8 of the Charity you are responsible for the preparation of the 8ccounts in accordance with the requirgmenl8 of the Chari1108 Act 2011 I'lhe Act'i. I report in r85P8cI of my examination of the Charty's accounts carried out under 8eclion 145 of the Act and in ¢arying out my examination I hav& followed all appli¢able Directions gen by the Ch8rty Commission urKler seclk>n 145I51{bl of the A(a. Ind•p•ndent oxamlnorf8 •tatom•nl I have completed my examination. l confirm Ihot no moteri81 matters h8ve Come lo my attonlion in connection with tho examlnallon giving me U8¢ to beIve that in any malerial accounting records were not kept in regpect of the Trust a8 required by 81¢1ion 130 of th• Act.. or tha accounls do not ac¢ord with thos8 rncords., or the accounts do not Gompty with the appli¢oble f8quirèmants conceming the form and ¢onlenl of account$ set out in the Charf(ie6 {Accounts and R8port$l R8gulatlons 2frJ8 other than any requirement that the accoun18 give a true and fair viaw which is not a matter considered as part ol an Independent examination. I confiffti th there aro no other matter8 lo which your att•nllon should be drawn to enable propor undèr8t8nding of th• acxounl$ to be reached. R•kha Shah FCCA Able & Young Lim*•d Airport House Purl•y Way Craydon Sljrrey CRO OXZ Page 1
VOICE4CHANGE EN ND LIMI Statement Financial Aetivrties Forthey nd8d h202 2025 UNeStrk Re5trlrted Total fvnds 2024 Total nds Notes INCOME Donations 113.512 748.617 862,129 1.686,402 EXPENDITURE Raisln8 funds Charitable Activities 5.418 1.523.174 1,528.592 696.113 T*)tsl 5.418 1.523,174 1,528.592 696113 NEf INCOME 108.094 {774,S571 1666,4631 1990,2891 RECONauATION OF FUNDS Transfer of funds Total fdS broW lorward 22.7CX) 1,078.267 LIIO,967 110,677 TOTAL FUNDS CARRIED FORWARD 115.179 319.325 434,504 1,110,966 The notes i)n pages 15 to 25 fomi wt 0fth8 financial st0tdne8 Page11
VOICE4CHANGE ENGLAND UMITED Balance Sheet '. Fcf the Year Ended 31 IAarch 202 2025 2024 FIXED ASSETS Tangible assds 4.022 4.352 CURRENT ASSETS Debtors Cash at bank and in hand 24,539 431.979 324.460 823,786 456.518 1,148,246 CREDITORS Amounts fallln8 due within one year io 126.035} 140,7991 NEf CURRENT ASSEf5 430,483 1,107,447 TOTALASSETS LE55 CURRENT LIAoiunES 434,504 1,111,799 CREDITORS Amounts falling due after more than one year 101 110,8331 ASSETSI(LIABILtfiES) 434.504 1.110.966 FUND5 Unrestricted funds Restricted funds 115,179 319.325 22,700 1,078,266 TOTAL FUNDS 434.504 1,110,966 These atcounts are prepared in accordance with the special prtyrfisions of Part IS of the companie5, act relating to small companies. The financial statements were approved by the Board of Trnstees and authorised for issue on 30 January 2026 and were signed on its behalf by.. Neena Sarnota Chalr Date: The not8s on pages 15 to 25 fm wt ofthese fir101 statements Page 12
E4CHANGE ENGLqND LIMI Cash Fkyw Slatemenl Year Ended 31 March 2025 2025 2024 Notes Cash fl¢Jws from operatlr¥ artItIeS Cash generated from operations 1379.4621 711,935 Net cash provided byllused inl operating artivities 1379,4621 711,935 Cash flv14s from Invertifvd acti¥hi Purchase of tangible fixed assets 11.513} 14,7221 Net cash (used inllprovided Investi activities (1.5131 {4,7221 Cash Ilty from fin*ncin8 acd¥llles Net cash lused inllprovided by financing activities Chanse in cash and cash equivalents In the reportlng period 707 213 Cash and cash equl¥alents at the beginnirvd ofthe reportln8 period 823.786 116,572 Cash and cash equlvalents * the end of the reporting period 431.979 823,786 P4813
01 E4C GE ENGLAN LIMfTED to th Cash F ststement Fcff the Year ndgj 31 March 25 RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERAnNG ACMMTIES Net kn¢ome for the reportirva perlod las per the Ststement of operating Activities) Adjustments lor. Add back= Depreclation Decreaselllncrease} in debtots Intrease/lDecreasel in creditors {666,4621 9.289 1,844 299,921 114.7641 3,117 1268,815} 112,655 Nrt cash provided byllu5ed in) operations 1379,4621 711.736 ANALY51S OF CHANGES IN NET FUNOS Net cash Cash at bank and in hand 823.786 1391,8071 431979 823,786 (391,8071 431979 Totsl 823.786 (391,807) 431.979 The note5 frwm part ofthese financial statem8nts Page 14
voi E4CHANGE ENGLAND LIMITED to the Financial Statement- Contin Forthe Year Ended 31 March 2025 ACC(XINTING pouaES 1.1 BASIS OF PREPARING ThE FINANCIAL STATEMENTS The finanaal 51atements have been prepared in accordance with accountin8 and reporting by Chartties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191'_ Charity SORP IFRS 1021. The Financkil Rep)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Aci 2(. Voice4Change England Limiled meets the definition of a public benefit entity under FRS 102. The financial statements are prepared in Sterlin& whth 15 the functional currency of the Charity. Monetsry amounts in these financial statements are rounded off to the nearest £. These accounts have been prepared undew the historical cost convenlion with items recognised cost or transaction value unless ott1$e stated in thÈ relant noie{sl to these accounts. 1.2 Preparation of accot5 on a 8oin8 CthKern basis The Trustees have assessed whether the use of the 8oin8 Cot)cem basis is appropriate and have consKlered possible events ur conditksns that might cast significant doubt on the ability of the charlty to continue as 80in8 concern. The Charitvs Financial Ststements show net surplus of £525,620 for the year and unrestrlcted reseNes of £140,916 as at 31 Marth 2025. The trustees believe that the redurtlon in income suffered in the year will recover in the coming years now that the covid pandemic reStriCtnS have been lifted. Trustees will continue to monltor and ensure spending to be done in Ilne with income in order to maintaift suffitient reserves to cover the 3 months average expenditure. The review of cashflow for 12 months from the de of approval of the financial statefflents. the associated assumptions that under-pin it. the pipeline of new income and the steps that could be taken to reduce expenditure should thi5 be necessary. Further. it is supported by the increase in volume of artbvities suggest that the trust would be earnin8 more Income in future. Based on the information above. the Trustees have a reasonable expectation that the company has adequate resources to contlnue in oPeratn for the foreseeable future and will remain profitable in future periods. Therefore. Ihe trustees have adopted the 8oin8 concern basis in preparin8 ihe5e accounts. 1.3 Ir*ome All income 15 included in the SOFA when the chafity is legalk¥ entitled to it. receipt is probable, and ihe amount can be MeaSud with sufflcient reliability. Grant income Grants are cdited to the SOFA when the charity is ertltled to the funds. Income is only deferred where there ale time constraints imposed by the donor or rf the funding Is perforrnance lated. Where entitlemenl to grants receivable is dependent upon fvifilment of conditions wlthin the charit¢s control. the income is recognised when there is sufficient evidence that conditions will be met. Page 6 of 24
E4CHAN N tes lo the Fin For the Year E ENGLAND UMrrED eial Statement- C ntinued 31M h2025 Grants supporting the core actNities of the charlty and with no spectfic restrirtions plxed upon thelr use are included within donations and leaades. Grants that have specific re5tridlons plac upon their use are included within income frorn Charitabk actvlities. Donations and legacie5 Donations are recognised in the period in which they are received. Legacy income 15 recogni5ed when the charitys entitlement is judged to be probable and where the amount can be reliably measured. IA Volunteers and donated 5wvkes and faculties Donated professional 5eThfices and donated facdities are recOgned as income when the charty has control over the item, any condrtions &%soclated with the donated item have been met. the receipt of economlc benefit from the use by the charity of the item is probable and that economic benefrt can be measured reliably. In accordance with the Charities SORP IFRS 1021. the general volunteer time 15 not recognised and refer5 to the trustees, annual report for more information aknut their contrilxrti)n. On receipt, donated professional Serv and (kjnated facilities are recognised on the ba515 of the value of the gift to the charity which is the amount the chafity woukj have been willing to pay to obtain services or facilities of equivalent economic benefrt on the open market- a correswnding amount IS then recognised in expenditure in the period of receipt. No such donations were recevied during the year. 1.6 Expenditsre recognition and Irrecoverable VAT Expendlture is recognised once there 15 a legal or constructive obliEatlon to make a Panent to a third party, it Is probable that settlement will required. and the amount of the obligation can be measured reliab. Expendlture is classifd under Ihe following attivity headings= Cost of raislng frjnds comprises the cost of seekin8 grant5 a1 donations and their associated support costs. Expenditure on charitsble artNlties include expenditure assoaated wrth the main objectives of the d. Chartty and include tM)th direct costs and their associated 5UPPQrt costs. Irrecoverable VAT LS tharged as a cost against the artivity for whith the expenditure was incurred. 1.6 Allocatlon af support costs Suprx)rt costs are those functions that asstst ihe work of the charity but do not directfy undertake charltable activitles. Support costs indude ba¢k-offite costs, management, finance and administration personnel. payroll and governance costs which 5UPPDrt the charit5 pro8ramme5 and activities. These costs have been allocated between tost of raising funds and expenditure on charitable acINit. The basis on which support costs have been allc¢*eil are set out in note 4. 1.7 Funds strurture The general fund comprises those monies, which may be used toward meeting the charitable objectfves of the company at the discretion of the EXe£tI¥e C(x))mittee. The de51gnated furKls are morries set aslde out of general funds and desyated for specific purposes by the Executive Committee. The restricted funds are monies raised foT. and their use restricted to. a specrfic purpose or donations subject to donor-imposed conditions. P4e7d24
VOICE4CHANGE EN es to the Financi For the Y ar LIMITED ment- Continued 1Ma h20 13 Tangible fixed assets and depreclatloTr Tanglble fixed a55ets are stated at ¢ost less depreciation. The cost of minor additions or those costing less than £l,ts)O a not capitali5ed. Deweclation is provided al rates Calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over theSr expected useful lives on the following bases: Compuier Equipment -33.33% on cost 1.9 Debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepakl net of any trade discounts due. 1.10 Cash at bank and In hand Cash at bank and in hand includes cash and short-temi cash dep051ts. 1.11 Creditors and provis1S Credltors and provisions are recognised where the charity ha5 a present obllgation resultir8 from a past event that will probably result in the transfer of fund5 to a third party and the amount due to settle the obligation can be ffleasured or estimated reliably. Credltors and provisions are normally recognised at thelr settlement amount after allowlng for any trade discounts due. 1.12 T•xation The Charity is a reglstered charity and, therefore, is not liable for Income Tax orcorporation Tax on Income derived from its charitable activitles. as It falls within the various exemption5 available to registered charities. 1.13 Penslon costs Contrlbutlons are charged to the Statement of Fln?ncial Activities in the period in whlch they are payable. The assets of the defined contribution schemes are held Separate from those of the company in independently adminlstered funds. L14 Judgement and key sources of estlmatlon uncertalnty In the application of the companvs accounting policies, the charity is required to make judgments, estimates and assumptlons about the carrying amount of assets and liabllities that are not readily pparent from other sources. The estimates and associated assumptions are based on hlstorical experience and other factors that are considered to be relevant. Actual results may differfrom these estlmates. The estlmates and underlying assumptions are reviewed on an on8oin8 basls. Revislons to accountin8 estlmates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Page 8 of 24
ICE4CHAN E ENGLAND IMITE esto h Financial Sl lement- Contin For the Ye rEnd 1M h202 ed DONATIONS Restrlrted Unrestritted Funds 2025 2024 Sthool of Social Entreprenevrs Groundwork London IGLAI The Home Office Wndrush Community Fund Donations & Other Income City Brfdge Foundation Pathwty- joseph Rowntree CharitableTrust Pathw8y- Barrow CadburyTrust Pathway- City Bridge Foundation Pathway- Atcess Foundation Pathway- Big Sotlety fvnd Pathway- Esrnèe Fairbaim Pathway- National community lottery fund Pathway Funding company The Par8iterTrust 8angla Housing As50ciatlon ACEVO Comic Relief & National Emer8encles Trust Lottery Fund- Rèaching Communitles Fund IV4CEI 22 North Foundation NHS Enand 35,543 35,543 18.719 28.500 45,430 12C(I 951 18,719 1,627 1,627 77.725 77,725 74.045 477.CK)O 14.114 250( 126.50D 87,51XJ 18,213 24,284 0,200 I,500 570.723 126,500 18.213 100,2LXJ 420.699 so,coo 420,699 35,806 32,575 35,806 32,575 320,C(XI 456,960 6.OCA) 1,961 320,C(KI 456.960 1.961 748.617 113,512 862,129 1,686247 The Voluntary Income in 2025. totallin8 £862,129 out of which, £748.617 were attributed to Restrlcted funds and £113,512 were attributed to Unrestricted fund5. Page 9 of 24
voi E4CFIANG ENGLAND UMtTED l the Finaneial Ststement- ntinued Year nded 31 Mah CHARITABLE ACTMnES COSTS Ilalsi FuNls Charltable Acdvlty 2025 Z024 Direct stsff costs Communicatlon and IT costs Grants and Charltable Donations Paid Profe55ional expenses Premises and equipment costs Other direct costs Support costs (Note 41 Governance costs INote 4) 465.318 4.875 610.( 159.243 16,378 465,318 4.875 610.tsJ) 159,243 16,378 210.053 26,515 7,207 238,490 4.431 256.$08 16,270 256,508 16.270 185.622 23.795 Total 528 Of the £1,528.592 expenditure in 202512024- £696.1131. £5.418 was charged to unrestricted fvnd 12024- £14373.25) and £1.$23.174 to re5trirted funds12024- £681,7401 SUPPORT cosrJ The charity initr411y identtfies the costs of Its SUprt function5. It then Identifies those costs which relate to the governance funttion. Governance costs and other support costs are apportioned separately between the charity's kry 11t$ undertakefi Isee note 31 in the year. All the general support and governance costs have been apportKined to the various charitable artivities based on staff time allocated to each activity. General Govemance Support FwKtion 2025 General office staff costs Professional expenses Communicatlons and tTcosts Miscellaneous expenses In5urènce Other office expenses Audit & Accounts fees Deprecialion Enterprise Development costs Evaluation Aifvertising & Marketing 26.781 43,(4 6.463 3,153 26,781 43,684 6.463 3,153 1.080 43.452 16.270 21,922 28,395 4,993 978 56,218 23,795 3.117 70,(KKI 43.452 16.270 125.C 125,L 5.(KJO 50 Total 27 Page 10 d24
OICE4C GE ENGLAND LIMITED to th Financial Stat nt- Continued F th Year Ended 31 March 2 25 No NEf INCO/{EXPENDlTURE} Net incomel {expenditurel is stated after Chargin Icreditifig).. 2025 2024 Auditors, remuneration Depreciation 4,200 4,2(Kl 3.117 TRusfEES' REMUNERATION ANO BENEFrr5 There were no trustees. muneration or other benefrts for the year ended 31 March 2025 nor for the year ended 31 March 2024. TRUSTEES. EXPENSE5 There were no trustees, expenses pald for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 2025 2024 Wages and salaries Social Security costs PenSn wsts 406,613 58,705 26,781 163.(KJ4 47,049 13,270 Total One employee receivgd raUn*)n in excess crf £60.1x during the yow. The Total ernployeo emoluments was £137.127 in the year. The average monthty nimnber of per5(Th employed by th8 duriNJ the year we 1512024 . 16). Page 11 d24
voic E ENGLAND LIMITE to the Financial State nt- ontinued For the Year E TANGIBLE FIXEO ASSErs Computer Equipment Opening Balance Addr(ion durirva the year Total Cost 16.081 ia Openlng Balance Charge for the year Total DeP(latlTh 11,729 Balances As on 3151 March 202S As on 31" Marth 2024 4,022 4352 DEBTORS: AMouKfs FALUt46 DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other deOr$ 22,739 38.057 286.403 24,539 324.460 10. CREDITORS: AMOVNTS FAWNG DUE WtrHIN ONE YEAR 2025 2024 other creditors Studenl Loan Deduction PensKsn Account Accruals and deferred Income Trade creditor 11.099 283 5,658 7,681 1,313 13,849 505 2,123 24,322 26.035 40,799 Page 12 d 24
ICE4 HANGE EN es the Financi I Slal Forthe Y rEnd 31 LAND IMITED ment- Continu rch 20 11. ANALYSIS OF NET ASSEfs BETWEEN FUNDS General Fund5 Restrlcted Funds Totsl 2025 Tangible fixed assets Net current assets 4,022 430,483 4,021 430,483 Total An4ly515 of Net Assets Between Funds- Prevlou5 Year General Funds Restrlcted Funds Totsl 2024 Tangible fixed assets Net current asset5 Non-current Liability 4,352 1.107.447 110,8331 4.352 1.107,447 110.8331 Total 1100 966 Pag813of24
HAN LAND LIMITED NDte5 to the Financial Statement- Contin For the Year Ended 31 March 2025 12. MOVEMENT IN FUNDS arKe at 01.12024 EMpeTrdllwe Transfer blw funds Balance at 31.03.2025 Restricted Funds Pathway Association Etf Chief Executives of Voluntary Organisatic$ Grgundwork IGLAI City Brge Ftyjndaticm Paul Hamlyn Comic Relief The Par8lterTrust Lottery Fund- Reachin8 Communitiès Fund IV4CEI 22 North Foundation Other Total restricted fvnds IJ1.789 -174.786 798278 -9276 -542 18.719 Tl.725 17,175 72.344 7.693 14.836 331 119,845 9,455 331 320,Cts) 215,770 15.615 456, 419.430 37.530 6,000 176 L523,174 -176 315,507 Im8267 74817 11.797 General funds Comic Relief & National Ernergencies TnJ5t Others School for Social Entrepreneurship Pathway funding body 22 North Foundation ACEVO Bangla Housing A$50ciation Staff Activitles NHS England Totsl unrestrirted funds 150 15.615 -15,615 1.627 35.543 -3.859 5.842 42,122 6.579 9,276 9.276 .000 542 32.575 35. 33,117 35.806 1,961 1,961 118.997 5N18 - 11,797 Tot funds P4e 14 0124
VOICE4CHANGE ENGLAND UMITED oles lo the Financial Statement - C nlinu or the Year Ended 31 March 2025 13. RELATED PARTY DISCLOSURES There a no related 14. SHARE CAPITAL company is lImed by guarantee and doe5 not have a share capitsl dlvlded by shares. Page15of24